Impressive Growth in Cyprus Tourism Revenue: €223.3m in Q1 2024, Surging 11.7% YoY

Revenue from tourism reached an estimated €223.3m in January–March 2024, rising 11.7% compared to €200m in the first quarter of 2023, Cystat said.

Based on the results of its Passengers Survey, in March, revenue from tourism reached €113m, compared to €97.8m in the corresponding month of 2023, recording an increase of 15.5%.

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The average expenditure per person was €558.88 in March 2024 compared to €530.72 in March 2023 (up 5.3%).

Tourists from the United Kingdom, again Cyprus’ largest tourist market with 31.8% of the total in March, spent on average €73.49 per day, while tourists from Poland, the second largest market with 10.4% of total tourists, spent on average €75.86.

Tourists from Germany, the third largest market with 9.8%, spent on average €98.66 per day, while tourists from Greece with 9% of the market, spent on average €43.37 per day.

Finally, tourists from Israel, the fifth place on the market with 8.2%, spent on average €143.21 per day.

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U.S. Stocks Rally On Ceasefire Announcement And Tech Recovery

by THEFUTURE.TEAM

April 9, 2026

Geopolitical Shift Fuels Market Optimism

U.S. equity markets rose on Wednesday following the announcement of a two-week ceasefire with Iran. Donald Trump, former U.S. President, said the agreement would take effect immediately. Technology stocks led the gains as investors responded to reduced geopolitical risk.

Tech Titans Lead The Upswing

Meta shares increased after the company introduced its Muse Spark AI model. Gains were also recorded by Amazon, Alphabet, and Nvidia. These companies contributed to broader advances in major equity indices.

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Chipmakers Capitalize On The New Optimism

Taiwan Semiconductor Manufacturing Company (TSMC) rose 6% following the announcement. Semiconductor equipment firms ASML and Applied Materials gained about 9%. Micron, Western Digital, Lam Research, and Intel also recorded gains, supporting momentum across the semiconductor sector.

Market Context And Recent Volatility

Recent gains follow earlier declines in technology stocks at the start of the year. Software companies had faced pressure linked to concerns over artificial intelligence and business model disruption. Microsoft shares fell 23% in the first quarter, underperforming both major technology peers and the Nasdaq index. The current rebound reflects changes in investor positioning following recent developments.

Outlook

The ceasefire reduced short-term geopolitical risk, though uncertainties remain around logistics and energy infrastructure in the region. Investors continue to monitor developments in both geopolitical conditions and the technology sector performance.

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